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Mervyn's was an American middle-scale department store chain based in Hayward, California, and founded by Mervin G. Morris (1920–2021). [1] It carried national brands of clothing, footwear, bedding, bath products, furniture, jewelry, beauty products, electronics, toys, and housewares. Many of the company's stores were opened in shopping malls ...
As well, on July 21, 2004, Target Corporation announced the $1.65 billion sale of Mervyn's to an investment consortium including Sun Capital Partners, Cerberus Capital Management, and Lubert-Adler/Klaff and Partners, L.P., which was finalized September 2. Target Stores expanded to 1,308 units and reached US$46.8 billion in sales.
By the mid-1980s, the chain was operating 148 stores. In 1984, Mervyn's opened nine stores in Texas — its first adventure outside the western United States — and posted a $223.3 million profit on sales of more than $2 billion. The following year, Mervyn's contributed 37% of Dayton Hudson's operating profit.
A Macy's opened in 1989, Mervyns replaced Lord & Taylor in 1991 and a Sears replaced Jordan Marsh in 1992. Dillard's came into the picture in 1997 to replace Mervyns.
Florin Mall (originally named Florin Center) was built by the James J. Cordano Company and Blumenfield Enterprises. The single-level center was situated on 70 acres (280,000 m 2 ), 8 miles (13 km) southeast of downtown Sacramento. It was the Sacramento area's first fully enclosed shopping mall built from the ground up.
The Consumerist complained yesterday that the now-defunct department store Mervyns was charging $15 for customer service. It could be true. Certainly Mervyn's venture-capital ownership, Cerberus ...
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